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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gerri: stocks hovering near 5-year highs, but corporate insiders selling shares in droves. find out why. ♪ gerri: as the dow hovers near 14,000 individual investors pouring billions of dollars into stocks, but corporate insiders are doing the opposite. according to a new report last week insiders or nine times more likely to sell company shares and buy new ones. should you be following suit? joining me now to a president of capital management. great to have you on the show, and i understand you were something of an expert on this. should we follow these ceos and executives? >> not necessarily sell, but most definitely you should be following them. they have a great track record, especially when you are seeing numbers
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gerri: stocks hovering near 5-year highs, but corporate insiders selling shares in droves. find out why. ♪ gerri: as the dow hovers near 14,000 individual...
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. tell me you have good insurance. yup, i've got... [ voice of dennis ] ...allstate. really? i was afraid you'd have some cut-rate policy. nope, i've got... [ voice of dennis ] the allstate value plan. it's their most affordable car insurance -- and you still get an allstate agent. i too have... [ voice of dennis ] allstate. [ normal voice ] same agent and everything. it's like we're connected. no we're not. yeah, we are. no, we're not. ♪ ask an allstate agent about the value plan. are you in good hands? did you know not all fiber is the same? citrucel is different- it's the only fiber for regularity that won't cause exce
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. tell me you have good insurance. yup,...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready
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in other words got they cannot predict the economy, but they're trying to predict the economy based upon this static models. cannot predict what d.c. policymakers are going to do or fed reserve officials. the reality check looks like it has massive cbo, but we do publish an alternate this scenario that you can look at. ashley: the real one. >> by the way, they also said that unemployment this year would be apt eight north of seven and a half. so i'm saying, wait a second. watch these numbers. we should not taken part so much. look behind the numbers for what actually happens. tracy: as my kids, and you will get better numbers out of them. [laughter] tracy: what do i know. ashley: coming up, the changing threat to u.s. banks. how financial institutions are adapting to drop in bank robberies and a rise. tracy: no more bonnie and clyde. first as we do every day at this time of day let's check on that tent and 30-year treasurys. both off. we will be right back. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testos
in other words got they cannot predict the economy, but they're trying to predict the economy based upon this static models. cannot predict what d.c. policymakers are going to do or fed reserve officials. the reality check looks like it has massive cbo, but we do publish an alternate this scenario that you can look at. ashley: the real one. >> by the way, they also said that unemployment this year would be apt eight north of seven and a half. so i'm saying, wait a second. watch these...
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if huge automatic spending cuts kicks in and the economy slows down, all of us will feel the impact. nearly everyone on both sides in washington would like to avoid that, the question is, how? another day, another dollar, another fiscal fight in washington. the issue now, massive spending cuts. it is called sequestration and we were not supposed to get to this point in the first place. >> this was never intended to happen, it was a proposal that was meant to spur lawmakers into action to come up with a budget that everyone could agree on. >> the congressional budget office warned that the cuts could slow down the economy. $500 billion cited to come out of the defense budget, pentagon leaders are worried about the impact in the military. if congress cannot get a big deal, -- >> then they should pass a smaller package of spending cuts and tax reforms. >> get us through the fiscal year and give congress time to work on a budget. >> we should give them a chance to come up with this budget instead of making indiscriminate cuts now that will cost us jobs and significantly slowed down our r
if huge automatic spending cuts kicks in and the economy slows down, all of us will feel the impact. nearly everyone on both sides in washington would like to avoid that, the question is, how? another day, another dollar, another fiscal fight in washington. the issue now, massive spending cuts. it is called sequestration and we were not supposed to get to this point in the first place. >> this was never intended to happen, it was a proposal that was meant to spur lawmakers into action to...
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. >> our economy right now is headed in the right direction. and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. so let's keep on chipping away at this problem together, as democrats and republicans, to give our workers and our businesses the support that they need to thrive in the weeks and months ahead. >> the president's called for a fix of short-term spending cuts and tax reform hit a brick on capitol hill. politico reporting that obama's plan dead on arrival, and house speaker john boehner was speaking on capitol hill, right now saying that his party plans to stand with the american people and we want to show you exactly what he had to say about that yesterday. >> on two occasions has passed a plan to replace the sequester. it's time for the senate democrats to do that work. it's time for the president to offer his ideas about how to replace the sequester. >> his first answer to everything is new taxes. and when you think about it, what happened in january, he got $600 billion in new r
. >> our economy right now is headed in the right direction. and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. so let's keep on chipping away at this problem together, as democrats and republicans, to give our workers and our businesses the support that they need to thrive in the weeks and months ahead. >> the president's called for a fix of short-term spending cuts and tax reform hit a brick on capitol hill. politico...
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>> well, thomas, first of all, the across the board sequester cuts will hurt the economy. republicans have acknowledged that. and this is a very timely discussion we're having right now, because just over the last two days -- and i just came off the floor of the house, the house democrats proposed a substitute, an alternative to those across-the-board sequesters. we proposed you'd have a garage call cut in the direct foreign subsidies, that you would ask oil companies to get rid of the taxpayer subsidies they have. so we put forward a proposal that would substitute for these very negative across-the-board cuts, and unfortunately, republican colleagues denied us the opportunity to even have a vote on it. so it's great that speaker boehner is calling on the president to take action, when the speaker refused to have a vote on the proposal that we've offered just in the last 24 hours to replace the sequester through a combination of other more targeted cuts as well as revenue from closing tax breaks. >> one thing i want to show everybody, the nonpartisan congressional budget o
>> well, thomas, first of all, the across the board sequester cuts will hurt the economy. republicans have acknowledged that. and this is a very timely discussion we're having right now, because just over the last two days -- and i just came off the floor of the house, the house democrats proposed a substitute, an alternative to those across-the-board sequesters. we proposed you'd have a garage call cut in the direct foreign subsidies, that you would ask oil companies to get rid of the...
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the idea here, jon, is that the economy is pretty fragile. we know from the end of last year when defense cuts took effect it had the effect much dragging down the economy during that last quarter. so the president wants to avoid that. he is saying we can't simply cut our way to growth. we have to have some investments in spending, for education and defense, for example. but he wants the democrats to come up with an alternative to this strong, across the board sequestration cut. jon: chris stirewalt pointed out in his column today that, you know, on foxnews.com, that one-third of the senate is going to be in office after this president leaves office and they are not necessarily ready to jump on board with some of his extremely liberal proposals. >> no. in fact, you know, there are proposals coming from house democrats and senate democrats that have to do with increasing taxes in this alternative proposal to sequestration. increasing taxes on millionaires, oil companies, gas companies, eliminating some of the farm subsidies. these are the kind
the idea here, jon, is that the economy is pretty fragile. we know from the end of last year when defense cuts took effect it had the effect much dragging down the economy during that last quarter. so the president wants to avoid that. he is saying we can't simply cut our way to growth. we have to have some investments in spending, for education and defense, for example. but he wants the democrats to come up with an alternative to this strong, across the board sequestration cut. jon: chris...
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worst, the economy will show a masly 1.4% growth. unemployment rise to 8%, stay at very high levels for years, and 7 million people will lose their health care coverage under obamacare. that came within hours of president obama's call for more tax increases on the rich and put off spending cuts. tax and spend, it lives on and so does our massive debt. reality check, "varney & company" is about to begin. [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. >> first up this wednesday morning, gas prices, yes, they are still on the rise. national average for regular up more than a penny, now at 3.54. just in the past month the price of gas spiked about 25 cents a gallon. the underlying price of oil right now we're down, $95 per barrel. while gas prices are going up, president obama is focused on climate change. at the state of the union next week, the president plans to announce he'll use executi
worst, the economy will show a masly 1.4% growth. unemployment rise to 8%, stay at very high levels for years, and 7 million people will lose their health care coverage under obamacare. that came within hours of president obama's call for more tax increases on the rich and put off spending cuts. tax and spend, it lives on and so does our massive debt. reality check, "varney & company" is about to begin. [ shapiro ] at legalzoom, you can take care of virtually all your imptant...
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he claimed the economy is recovering. do the facts belie that. >> no if you look at numbers it just does not add up. you look at some of the things that cbo put out as far as unemployment remaining high. and growth estimates are somewhat laughable thinking that our economy is going to grow upwards of 3.5% in the next fl three years. we had negative growth last quarter. as bad as they look they are based on pretty robust growth numbers. if we don't meet those numbers it gets worse. $1.6trillion it's going to cost us over the next nine years for obamacare. gregg: sure. very quickly i'm almost out of time. the president is now talking about on the heels of tax rate hikes, and tax hikes, more tax revenues. what would that do to the competent? there is a few ways we can get out of this. obviously increase revenues, another one is reduce spending. clearly the president does not want to reduce spending that is not in his vocabulary. the only way to inch sraoes revenuincrease revenue is to increase taxes. if they increase what ha
he claimed the economy is recovering. do the facts belie that. >> no if you look at numbers it just does not add up. you look at some of the things that cbo put out as far as unemployment remaining high. and growth estimates are somewhat laughable thinking that our economy is going to grow upwards of 3.5% in the next fl three years. we had negative growth last quarter. as bad as they look they are based on pretty robust growth numbers. if we don't meet those numbers it gets worse....
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it's not the right thing to do it for the economy. it's not the right thing for folks out there still looking for work. host: your reaction? guest: the president was serious about not slowing down the economy, he would get a handle on his environmental protection agency and stop some of the regulations. he would approved the keystone pipeline. that is something that has been sitting on his desk a long time. there are things that could be done to help the economy apart from the sequestered. the reason the sequester is tough is when you pick up the federal budget and say we will try to find savings in the budget, every single line has a constituency and a lobbyist somewhere, whether it is a municipal organization, whether it is a big defense contractor, everyone has something that interests them. that's why it's difficult to say we are one to take out this line of that line when there is a loser in that scenario. this is an across-the-board reduction in federal spending that applies within the agency, every item in the budget. it's noth
it's not the right thing to do it for the economy. it's not the right thing for folks out there still looking for work. host: your reaction? guest: the president was serious about not slowing down the economy, he would get a handle on his environmental protection agency and stop some of the regulations. he would approved the keystone pipeline. that is something that has been sitting on his desk a long time. there are things that could be done to help the economy apart from the sequestered. the...
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >> good morning. it should be a quiet day weather-wise. there is a slight chance for some sprinkles or flurries. >> all right. back to you. >> okay, al. we'll find out what happened later. thank you. >>> olympic gold medal winning skier lindsey vonn says she's determined to return for next year's olympic games in sochi, russia. in austria where vonn had to be air lifted to a hospital, keir, good morning to you. >> reporter: matt, thank you. lindsey vonn laid on the course. you can see the course snaking through the trees. her doctor has spoken to her and he says she is so determined that she's already talking about how she'll recover. >> lindsey vonn, trying to find the perfect grip. >> reporter: halfway down, making a jump and turning. then a horrific crash, tumbling out of control and harrowing cries. her emotion reveals how her right leg sprained, knee twisted, ligaments torn and a bone fractured.
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >> good morning. it should be a quiet day weather-wise. there is a slight chance for some sprinkles or flurries. >> all right. back to you. >> okay, al. we'll find out what happened later. thank you. >>> olympic gold medal winning skier lindsey vonn says she's determined to return for next year's...
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. >> if those huge automatic spending cuts kick in and the economy slows down, we will all feel the impact. nearly everybody in washington wants to avoid that. the question is how? another day, another dollar, another fiscal fight in washington. the issue is massive spending cuts. there will take effect march 1. it is called sequestration. we're not supposed to get to this point in the first place. >> sequestration was never intended to happen. >> it was a proposal meant to spur lawmakers into action to come up with a budget that everybody could agree on. >> cuts could slow down the economy. pentagon leaders are deeply worried about the impact on the military. the president says if congress cannot cut a big deal -- >> they should pass a smaller package of spending cuts and tax reforms. >> he is thinking short-term. get us to the fiscal year. give congress time to work on a budget. >> they should have a chance to come up with a budget instead of making cuts now that will slow down the recovery. >> both sides agree something must be done. but how? that is the fight. republican leaders are di
. >> if those huge automatic spending cuts kick in and the economy slows down, we will all feel the impact. nearly everybody in washington wants to avoid that. the question is how? another day, another dollar, another fiscal fight in washington. the issue is massive spending cuts. there will take effect march 1. it is called sequestration. we're not supposed to get to this point in the first place. >> sequestration was never intended to happen. >> it was a proposal meant to...
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but the good news is the economy is expected to pick up in 2014. that could push unemployment down but it could also set the stage for higher interest rates and inflation. amazing that we already know economic growth cut in half this year because of all this. the tax increase, the tiny tax increase they put into our paychecks, taking $4 billion out of our local economy. just that small change. cutting our economic growth in half, too. >> exactly. >> thanks, jess. >>> if you are battling the flu bug, you have plenty of company still. when we come back, we have some foods that you could eat so the next time around you and your family have a better chance of avoiding it. >> if you're looking for a job that utilized your repair skills, one group may be looking for you. the company has a maintenance technician ps open. it's -- position open. it's an entry level full-time position. you can get more announcer: cbs wednesday, a csi event. i'm looking for d.b. russell. announcer: a crime in vegas... taylor: where is she? how well do you know christine? i lo
but the good news is the economy is expected to pick up in 2014. that could push unemployment down but it could also set the stage for higher interest rates and inflation. amazing that we already know economic growth cut in half this year because of all this. the tax increase, the tiny tax increase they put into our paychecks, taking $4 billion out of our local economy. just that small change. cutting our economic growth in half, too. >> exactly. >> thanks, jess. >>> if you...
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> good morning, everybody. i'm holly morris. happy wednesday to you. you know it's going to be a good morning when we're starting in the kennedy center. doesn't get much better than the american dance theater which is in town right now only through sunday and do we have special things planned this morning for you. we're going to meet two of the dancers. renee robinson. the last dancer in the company to be selected by alvin himself. we'll talk about that. also, we're going to meet alicia mac. she is someone right from our area. renee is too. alicia trained in columbia maryland. she gets some rehearsal time in and spend time with the artistic director. he's very special. only the third person to ever lead the company. the company started way back in 1958. now in its 55th year. how much it has really participated in throughout the years and what it's meant not only for black dancers but the dance community in general and h
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> good morning, everybody. i'm holly morris. happy wednesday to you. you know it's going to be a good morning when we're starting in the kennedy center. doesn't get much better than the american dance theater which is in town right now only through sunday and do we have special things planned this morning for you. we're going to meet two...
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is a scientific consensus, even if there was, america acting alone would sort of damage the american economy without making a real impact globally on the problem. >> any doubt he is going to run in 2016? >> that was actually the most interesting thing that he said to me which was he obviously thought about it a lot and didn't pretend he hadn't. he said, it's a process. it's not a decision you make. it's a long and gruesome process. and everybody thinks about the glamor at the end but actually start out meeting the same 10 people over and over. he didn't sound like he loved the idea. he put together a team around him of people who are ready to go run a presidential campaign. >> if he does, he will have more time in the u.s. senate than barack obama had. >> he reminds me a lot of obama just in his profile in what people like about him and the sense that, you know his critics like obama dismissed him as a light-weight. >> that's sort of the least-cutting political attack ever. >> ben smith is in the studio with us, editor and chief in buzzfeed buzzfeed. join the conversation at any time. your t
is a scientific consensus, even if there was, america acting alone would sort of damage the american economy without making a real impact globally on the problem. >> any doubt he is going to run in 2016? >> that was actually the most interesting thing that he said to me which was he obviously thought about it a lot and didn't pretend he hadn't. he said, it's a process. it's not a decision you make. it's a long and gruesome process. and everybody thinks about the glamor at the end...
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this was a huge economy, a big-state budget, a university system. they had to do something about the mental health institutions, for example, in the state. and it was exploding in terms of population. so by the time he got to washington, he had really been through a trial by fire, and he was ready for what he knew he had to do on behalf of the country. he had also -- people ought to remember this -- he had been through a really tough campaign. george bush 41 beat him in iowa in the opening of the primaries. >> in '80. >> in '80. he was prepared in a way for what he arrived at. and i think it's worth remembering. >> so let's take a trip down memory lane. >> oh, i like that. >> i love doing this. here's a clip of tom brokaw in 1967. >> what? >> yeah. watch this. >> interviewing dwight eisenhower during eisenhower's visit to see then-governor and presidential candidate ronald reagan. wow! >> almost four years ago now you encouraged all republicans who thought that they might be candidates for president to get into the race. do you still stand by that f
this was a huge economy, a big-state budget, a university system. they had to do something about the mental health institutions, for example, in the state. and it was exploding in terms of population. so by the time he got to washington, he had really been through a trial by fire, and he was ready for what he knew he had to do on behalf of the country. he had also -- people ought to remember this -- he had been through a really tough campaign. george bush 41 beat him in iowa in the opening of...
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the economy got us. and i said, well, what about the other car companies? it didn't get. right away i knew today make some changes. >> brian: what's the first thing you did? >> we made some changes. we tried to clear out bureaucracy. we changed the lines of organization. we gave people authority and responsibility and held them accountable. we simplified the place. >> brian: how do you feel about people watching from afar and saying, you know what? why am i bailing out gm? ford was saving for a rainy day. they knew something was coming. what do you tell the taxpayers that i don't feel confidentable about what we did? >> first of all, i think we should pay the taxpayer back. but it was absolutely the right thing to do to bail it out. you think about gm, it's big company and it's a huge manufacturing asset. but you think about the thousands of suppliers and the thousands, tens of thousands of jobs with the suppliers, a bankrupt gm not only would have hurt gm, it would have terribly hurt with probably millions of jobs of the suppliers. so it would have been a huge effect. >>
the economy got us. and i said, well, what about the other car companies? it didn't get. right away i knew today make some changes. >> brian: what's the first thing you did? >> we made some changes. we tried to clear out bureaucracy. we changed the lines of organization. we gave people authority and responsibility and held them accountable. we simplified the place. >> brian: how do you feel about people watching from afar and saying, you know what? why am i bailing out gm?...
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. >>> our economy right now is headed in the right direction. it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. so let's keep on chipping away at this problem together as democrats and republicans to give our workers and our businesses the support that they need to thrive in the weeks and months ahead. >> the sequester is coming. can president obama get congress to act in time? good morning, i'm bill karins. this is "way too early," the show that feels better after running straight to wikipedia. sequestration, the legal procedure which automatic spending cuts are triggered. now i get it. thanks for being up with us on this wednesday, february 6th. we have a lot to cover including a dire warning from the congressional budget office on the long term fiscal health and one that couldn't have come at a worst time for the president. marco rubio weighed on the age-old debate, tupac or biggy? first, let's ge to the news in new york city. we begin with the white house position on the u.s. government's
. >>> our economy right now is headed in the right direction. it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. so let's keep on chipping away at this problem together as democrats and republicans to give our workers and our businesses the support that they need to thrive in the weeks and months ahead. >> the sequester is coming. can president obama get congress to act in time? good morning, i'm bill karins. this is "way...
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who work in national security or education or clean energy, not to mention the growth of the entire economy should be put in jeopardy just because folks in washington couldn't come together or eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> house speaker john boehner responded with a statement reading "republicans have twice voted replace these arbitrary cuts with common-sense cuts and reforms that protect our national defense. we believe there is a better way to reduc the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year. that's compared to $1.1 trillion short fall. the outlook predicts the improvements will not last. it warns that an aging population will
who work in national security or education or clean energy, not to mention the growth of the entire economy should be put in jeopardy just because folks in washington couldn't come together or eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> house speaker john boehner responded with a statement reading "republicans have twice voted replace these arbitrary cuts with common-sense cuts and reforms that protect our national defense....
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if those huge automatic spending cuts kick in and the economy slows down, we will all feel the impact. nearly everybody in washington wants to avoid that. the question is how? another day, another dollar, another fiscal fight in washington. the issue is massive spending cuts. it is called sequestration. we're not supposed to get to this point in the first place. >> it was a proposal meant to spur lawmakers into action to come up with a budget that everybody could agree on. >> cuts could still down the economy. pentagon leaders are deeply worried about the impact on the military. if congress cannot cut a big deal -- >> they should pass a smaller package of spending cuts and tax reforms. >> he is thinking short-term. give congress time to work on a budget. >> they should have a chance to come up with a budget instead of making cuts now that was slow down the recovery. >> both sides agreed something must be done. republican leaders are digging in their heels. "we believe there's a better way to reduce the deficit," said john boehner. part of the proposal has included cuts to entitlement
if those huge automatic spending cuts kick in and the economy slows down, we will all feel the impact. nearly everybody in washington wants to avoid that. the question is how? another day, another dollar, another fiscal fight in washington. the issue is massive spending cuts. it is called sequestration. we're not supposed to get to this point in the first place. >> it was a proposal meant to spur lawmakers into action to come up with a budget that everybody could agree on. >> cuts...
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. >> match.com says the singles are not struggling in this economy. >> a dire financial picture for the u.s. postal service takes center stage in d.c. today. linda bell joins us from bloomberg headquarters in new york. good wednesday mourned. >> -- morning. >> the postmaster general is expected to make a major announcement this morning. he will respond to a board of governors recommendation to accelerate the restructuring of the postal service. the question is what does this mean? postal service employees say this could mean closing some facilities next month instead of next year and possibly stopping saturday service. we will be watching closely. if you have visited fema parks like fantasyland in florida they have had better than expected earnings. -- theme parks. fantasylands should be done by sometime next year. if you think the economy is hurting your love life. 2/3 of singles say they have not changed their habits over the past the four years. 54% of single will not take someone with considerable credit card debt. d.c. residents have been hit with cupid's arrow. linda bell reportin
. >> match.com says the singles are not struggling in this economy. >> a dire financial picture for the u.s. postal service takes center stage in d.c. today. linda bell joins us from bloomberg headquarters in new york. good wednesday mourned. >> -- morning. >> the postmaster general is expected to make a major announcement this morning. he will respond to a board of governors recommendation to accelerate the restructuring of the postal service. the question is what does...
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Feb 6, 2013
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the congressional budget office also predicts the economy will grow by 1.4% this year. the cbo predicts the unemployment rate will hover around 8%. >>> shares of the maker blackberry surged 7% in trade yesterday. research in motion says there is a record demand for its new z-10 smartphone in canada. it also reported that sales in england are off to a pretty strong start. the touch screen phone will go on sale in the u.s. next month. the q-10 smartphone with the keyboard, though, probably not going to get your hot little hands on that one in the u.s. till may or june. >>> the justice department says it has uncovered one of the largest credit card frauds of all time. 18 people were charged with creating fake identities to obtain tens of thousands of credit cards and stealing more than $200 million. it's a lot of money. f.b.i. says the credit card scam spanned 38 states, eight countries. the money was used to finance lavish lifestyles. >> i want a lav wyche -- lavish lifestyle but i want it legally. >> there you go and that's why you're in the news business. >> if they onl
the congressional budget office also predicts the economy will grow by 1.4% this year. the cbo predicts the unemployment rate will hover around 8%. >>> shares of the maker blackberry surged 7% in trade yesterday. research in motion says there is a record demand for its new z-10 smartphone in canada. it also reported that sales in england are off to a pretty strong start. the touch screen phone will go on sale in the u.s. next month. the q-10 smartphone with the keyboard, though,...
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more time to craft a longer-term deal. >> our economy is headed in the right direction. it will stay that way as lodge as there aren't any more self- inflicted wounds coming out of washington. >> reporter: the senate remains deeply divided. >> the sooner we solve our spending problem, the sooner our jobs problem will go away as well. >> reporter: house republicans say they've twiced passed legislation to replace the sequester and it is time for the senate and president to do their job. >> the president's budget is late again. senate democrats haven't done a budget in nearly four years and none of them have a plan to replace the sequester. >> reporter: this comes as new data from the congressional budget office shows the deficit will be under $1 trillion for the first time in five years. republicans say that is still unsustainable because the nation's debt will hit $26 trillion by the year 2023n washington, jennifer davis, fox news. >>> we still have plenty ahead. your weather be traffic and all your top stories. >> fox 5 morning news at 4:30 starts now. >>> we are over t
more time to craft a longer-term deal. >> our economy is headed in the right direction. it will stay that way as lodge as there aren't any more self- inflicted wounds coming out of washington. >> reporter: the senate remains deeply divided. >> the sooner we solve our spending problem, the sooner our jobs problem will go away as well. >> reporter: house republicans say they've twiced passed legislation to replace the sequester and it is time for the senate and president...
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Feb 6, 2013
02/13
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those automatic across the board spending cuts are scheduled to pull $1.2 trillion out of our economy starting in just three weeks. that would put a lot of workers in our area out of their government paid-for jobs, even as the president today proposes a plan to stop the cuts. area employers are sending out the dreaded layoff noticeses. here's gary nurenberg. >> reporter: derek, more than any other area of the country, washington is dependent on the federal government for work. with those cuts scheduled to kick in on march 1st, we learn tonight that some government contractors are issuing layoff notices that say in essence, you're out of work unless congress gets a deal to stop the cuts, and then you're not. the group in alexandria, 150 employees working for the feds and national defense, homeland security and aerospace. >> just get a deal done and stop kicking the can. by delaying, it makes matters worse. >> reporter: unless congress changes, the sequestration is march 1st. it begins with $55 billion from defense and $27 billion in domestic programs. more than a million jobs could go
those automatic across the board spending cuts are scheduled to pull $1.2 trillion out of our economy starting in just three weeks. that would put a lot of workers in our area out of their government paid-for jobs, even as the president today proposes a plan to stop the cuts. area employers are sending out the dreaded layoff noticeses. here's gary nurenberg. >> reporter: derek, more than any other area of the country, washington is dependent on the federal government for work. with those...
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Feb 6, 2013
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ female announcer ] hamburger helper stroganoff. beefy. creamy. stroganoffy. helpers. forty dishes, all delicious. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot, even on a holiday weekend. ♪ things are definitely... looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. >>> the boy scouts of america said to make a major announcement tomorrow to make a policy change on its leaders. >> reporter: current policy of the boycotts of america is that you cannot be an openly gay youth or adult and be an official member of the
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ female announcer ] hamburger helper stroganoff. beefy. creamy. stroganoffy. helpers. forty dishes, all delicious. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need...
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economy is poised for progress in the coming year and predicted it will fall below the $1 trillion mark. >> sources tell ap tonight the pentagon is ready to offer limited benefits to same-sex partners of gay service members. likely toin clud health and welfare benefits. dpeens secretary has not made a decision because federal law prohibits him from recognizing same-sex marriages. british lawmakers voted in favor of legalizing same-sex marriage. legislation would enable same-sex couples to get married in civil and religious ceremonies. the prime minister championed the bill despite opposition from within his party. before it becomes plau it must still pass the house of lord autos as we continue here, coming up, governor brown's response to a texas raid on california jobs. >> and >>> because gas prices are high it turns out we're driving less but spending more time in traffic. san francisco oakland area is tied did w.lngs langs for having the second worst congestion if the country behind behind washington, d.c.. a study shows drivers spent 61 hours in traffic jams and wasted $1200 wornl o
economy is poised for progress in the coming year and predicted it will fall below the $1 trillion mark. >> sources tell ap tonight the pentagon is ready to offer limited benefits to same-sex partners of gay service members. likely toin clud health and welfare benefits. dpeens secretary has not made a decision because federal law prohibits him from recognizing same-sex marriages. british lawmakers voted in favor of legalizing same-sex marriage. legislation would enable same-sex couples to...
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Feb 6, 2013
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he says they could hurt the economy. and the president is proposing a smaller budget deal now and a bigger one later. cbs reporter danielle nottingham explains. >> reporter: president obama is calling on congress to stop massive automatic across-the- board spending cuts with a short-term fix. >> our economy right now is headed in the right direction, and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> reporter: last year congress and the president signed off on the automatic cuts to force themselves to deal with the nation's skyrocketing debt. the original deadline was january 1st. and when they couldn't reach a larger budget deal then, they postponed it to march 1st. the white house wants another short-term fix to head off a hit to the fragile economy and give lawmakers more time to work out a 10-year plan. >> we should give them the chance to come up with this budget instead of making indiscriminate cuts now that will cost us jobs and significantly slow down our
he says they could hurt the economy. and the president is proposing a smaller budget deal now and a bigger one later. cbs reporter danielle nottingham explains. >> reporter: president obama is calling on congress to stop massive automatic across-the- board spending cuts with a short-term fix. >> our economy right now is headed in the right direction, and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> reporter: last...
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Feb 6, 2013
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obama is calling on congress to stop massive automatic spending cuts with a short-term fix. >> our economy right now is headed in the right direction. it will stay that way as long as there aren't anymore self- inflicted wounds coming out of washington. >> congress and the president signed off on the automatic cuts to force themselves to deal with the nation's skyrocketing debt. the original deadline was january 1, and when they couldn't reach a larger budget deal then, they postponed it to march 1. >> the white house wants another short-term fix to head off a hit to the fragile economy and give lawmakers more time to work out a ten-year plan. >> we should give them the chance to come up with this budget instead of making cuts now that will cost us jobs and significantly slow down our recovery. >> the president continues to push an approach that includes more tax revenue along with spending cuts. but house speaker, john boehner, says tax hikes are out of the question. >> every month under president obama, kind of feels the same. high unemployment, a rising prices and more debt for our kids
obama is calling on congress to stop massive automatic spending cuts with a short-term fix. >> our economy right now is headed in the right direction. it will stay that way as long as there aren't anymore self- inflicted wounds coming out of washington. >> congress and the president signed off on the automatic cuts to force themselves to deal with the nation's skyrocketing debt. the original deadline was january 1, and when they couldn't reach a larger budget deal then, they...
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. >> this economy is headed in the right direction ask will stay that way as long as there aren't any self inflekted wounds-Ñ;n. >> it's a lot of money. it's down nearly $1.1 trillion. at a peak of $1.4 trillion at the end of president bush's second term. experts say the deficit could drop by 2015. >> today, british parliament legalized same-sex marriage that7:ru:u&d allow couples to get married in both civil and religious ceremonies if instit yug as agree to it. it needs to pass a final vote next week. the u.s. military appears ready to extend benefits to same-sex partners of service members. a final decision has not been made on which benefits would be included. pentagon is likely to aallow the partners to have access to some programs. the pentagon repealed a ban on openly gay service men and women 16 months ago stit of florida's python challenge seems to beç&ój paying dividen. the commission says 50 nonnative pythons have been captured during the first three weeks of the competition. officials organized this contevt to raise awareness about the snake's threat to wildlife. about
. >> this economy is headed in the right direction ask will stay that way as long as there aren't any self inflekted wounds-Ñ;n. >> it's a lot of money. it's down nearly $1.1 trillion. at a peak of $1.4 trillion at the end of president bush's second term. experts say the deficit could drop by 2015. >> today, british parliament legalized same-sex marriage that7:ru:u&d allow couples to get married in both civil and religious ceremonies if instit yug as agree to it. it needs...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. >> shepard: the north koreas took time off from the not feeding their people to drop a bizarre propaganda video that apparently depicts the destruction of new york city thanks kim the younger. and they set it to sound
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions?...
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Feb 5, 2013
02/13
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we found out last week that the economy actually shrank in the last three months of last year. if the federal spending cuts that are on tap for march actually take effect, will that push the country into recession? >> i don't know if it will push the country into recession but here's what we know. the reason that the economy shall rank a little bit despite the fact that housing is recovering, manufacturing is going strong, car sales are up, you know, the truth is, is that overall there were a lot of positive signs in the economy. the big problem was defense spending was cut 22%. that was the biggest drop in 40 years. it was very abrupt. washington cannot continually operate under a cloud of crisis. that freezes up consumers. it gets businesses worried. we can't afford these self-inflicted wounds. >> pelley: also in that interview, the president said that he thinks the boy scouts of america should include gays. the organization's executive board will consider tomorrow whether to drop its national ban on gays. and that is creating a divide between a lot of scout families. here's
we found out last week that the economy actually shrank in the last three months of last year. if the federal spending cuts that are on tap for march actually take effect, will that push the country into recession? >> i don't know if it will push the country into recession but here's what we know. the reason that the economy shall rank a little bit despite the fact that housing is recovering, manufacturing is going strong, car sales are up, you know, the truth is, is that overall there...
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Feb 5, 2013
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. >> our economy right now is headed in the right direction. it will stay that way as long as there aren't anymore self- inflicted wounds coming out of washington. >> last year, congress and the president signed off on the automatic cuts to force themselves to deal with the nation's skyrocketing debt. the original deadline was january 1, and when they couldn't reach a larger budget deal then, they postponed to march 1. head off a hit to the fragile economy and work out a ten-year plan. >> we should give them a chance to come up with this budget instead of making cuts now that will cost us jobs and significantly slow down our recovery. >> the president continues to push an approach that includes spending cuts, but house speaker, john boehner, says tax hikes are out of the question. >> every month feels the same. high unemployment, a rise in our prizes and more debt for our kids and grandkids. >> he does not want another tech rare fix. some house republicans have indicated they will let the automatic cuts take effect if there's no long-term agree
. >> our economy right now is headed in the right direction. it will stay that way as long as there aren't anymore self- inflicted wounds coming out of washington. >> last year, congress and the president signed off on the automatic cuts to force themselves to deal with the nation's skyrocketing debt. the original deadline was january 1, and when they couldn't reach a larger budget deal then, they postponed to march 1. head off a hit to the fragile economy and work out a ten-year...
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Feb 5, 2013
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one more thing the mayor is expected to touch on tonight and that is contributions to the economy made by startup businesses and some new text companies. >>> certain benefits will be extended to the thousands of gay and lesbian personnel. they will be departing -- the finalm print on the armed forces. he has to walk a fine line and that recognizes marriage between a man and woman. >>> wanted a police are investigating a deadly house fire in the district and they say they pulled two victims from a bored up home that was supposed to be vacant. matt ackland has more. >> reporter: investigators and the medical exam inner are still on this scene here and this happened about 10:00 and it was soilage, they could see it from the other side and they responded. it was to put out the fire and when fire fight -- firefighters went inside, they found two and close to the front door. neighbors say the home was bored up for two years and want to, officials are not sure why the two were inside the home at the time. were they squatters or in the house at the type of the fire? that is still under investi
one more thing the mayor is expected to touch on tonight and that is contributions to the economy made by startup businesses and some new text companies. >>> certain benefits will be extended to the thousands of gay and lesbian personnel. they will be departing -- the finalm print on the armed forces. he has to walk a fine line and that recognizes marriage between a man and woman. >>> wanted a police are investigating a deadly house fire in the district and they say they...
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it means people are going to jobs and the economy is strong. there are any up of factors for why our traffic slows to a crawl every day. simple geography, one of them. squeezing people across bridges and on to an already overcrowded metro system. but the region is trying to fight back. ron kirby, head of transportation planning for the region's council of government, says take a look at all the ways communities are being reshaped around metro stations. development that promotes walking where transit your vehicle. >> rosslyn corridor, bethesda, silver spring, revival downtown, you know, we are the envy of the metropolitan areas. mob has done as well as we have in that regard. we have -- we are number one on good things as well as bad things. >> reporter: he says we have to keep making investments in transportation and on a lot of levels that means there has to be political will to make tough choices. >> state gas tax around 20 cents per gallon, for someone that drives 12,000 miles a year, that's $10 a month. you are paying for the use of the roa
it means people are going to jobs and the economy is strong. there are any up of factors for why our traffic slows to a crawl every day. simple geography, one of them. squeezing people across bridges and on to an already overcrowded metro system. but the region is trying to fight back. ron kirby, head of transportation planning for the region's council of government, says take a look at all the ways communities are being reshaped around metro stations. development that promotes walking where...
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. >> reporter: the president warned congress to avoid self-inflicted wounds that could stall the economy. karen travers, abc2 news, washington. >>> scammers started making threatening phone calls after a woman turned down a bogus offer. >>> it was probably just a joke but a niner fan could get into trouble after a stunt. the consequence he could face for pointing a laser at a news helicopter. my achy feet made it tough to play with billy. until he got his number. right! the machine showed me my pressure points on my feet, and it gave me my custom number. my arches needed more support. in two minutes, the dr. scholl's foot mapping center showed me my free foot map and my number. i'm a 440. that matched up to the dr. scholl's custom fit orthotic inserts with the support i needed. now, i play all day long! my feet. my number. my inserts. go to drscholls.com to find your closest walmart with a foot mapping center. i'm a believer! >>> i'm going top send -- to send two guys over there to rape you, kill you. >> okay. scary phone call. imagine getting that message on your phone. a la la woman st
. >> reporter: the president warned congress to avoid self-inflicted wounds that could stall the economy. karen travers, abc2 news, washington. >>> scammers started making threatening phone calls after a woman turned down a bogus offer. >>> it was probably just a joke but a niner fan could get into trouble after a stunt. the consequence he could face for pointing a laser at a news helicopter. my achy feet made it tough to play with billy. until he got his number. right!...
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Feb 5, 2013
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WBAL
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economists say the steep cuts in defense programs could derail the fragile economy. congress has less than four weeks to figure something out. >> 40 degrees in downtown baltimore. that's close to normal for this time of year. some of the outlying suburbs are couple of degrees cooler. 38 degrees at columbia. on the eastern shore, temperatures mostly in the upper 30s to nearly 40 degrees. the flurries and snow showers are falling into surface temperatures are above freezing. any slick spot that tries to develop oil last too long. the flurry and snow showers lined up along the i-95 corridor. parts of cecil county getting flurries and snow showers. it is a breezy out west, that is where you could get more substantial snowfall. we can't rule out a light dusting of snow fall as is whether system tracks through, but by the time we get to midnight, most of them will have finished up and we will be left with cloud cover and we will set out quite a bit tomorrow. a good deal of wednesday sunshine. clouds and a flurry may linger but it should be a brighter day tomorrow. the nort
economists say the steep cuts in defense programs could derail the fragile economy. congress has less than four weeks to figure something out. >> 40 degrees in downtown baltimore. that's close to normal for this time of year. some of the outlying suburbs are couple of degrees cooler. 38 degrees at columbia. on the eastern shore, temperatures mostly in the upper 30s to nearly 40 degrees. the flurries and snow showers are falling into surface temperatures are above freezing. any slick spot...
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Feb 5, 2013
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those turbo charged engines may not deliver the speed or the fuel economy for the money that car makers are charging you. the nonprofit tested several models from ford, hyundai, kia, and chevy. a turbo charge four cylinder bmw did do well in the track test. ford says its own survey shows customers are satisfied with the fuel economy in their turbo charged vehicles. >> plenty of us want to stretch our money more these days and one way to do that is to hold on to your car longer. if you treat it right, it will go the distance and save you tens of thousands. >> i am the first donor and i will be the last donor. >> when ariel bought his toyota camry, he never imagined hitting 226,000. >> i didn't know it would get this far, but it did and we're pleased. >> auto expert says people often aren't away of the long- term financial benefits of holding on to a car. >> our research shows if you hit 200,000 miles, which takes 15 years, you could save more than $30,000. >> first, shop for a car you can live with long-term. >> make sure it fits your lifestyle and don't compromise on features, especiall
those turbo charged engines may not deliver the speed or the fuel economy for the money that car makers are charging you. the nonprofit tested several models from ford, hyundai, kia, and chevy. a turbo charge four cylinder bmw did do well in the track test. ford says its own survey shows customers are satisfied with the fuel economy in their turbo charged vehicles. >> plenty of us want to stretch our money more these days and one way to do that is to hold on to your car longer. if you...
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. >>> president obama is asking congress to head off automatic spending cuts that could hurt the economy if they kick in as scheduled march 1. the president is proposing the smaller budget deal now and a bigger one later. danielle nottingham has the latest from washington. >> reporter: president obama is calling on congress to come up with billions in spending cuts as a short-term fix to stop massive automatic across-the- board cuts set to take effect in less than a month. >> our economy right now is headed in the right direction. and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> reporter: last year congress and the president signed off on the automatic cuts to force themselves to deal with the nation's skyrocketing debt. the original deadline was january 1. and when they couldn't reach a larger budget deal then, they postponed it to march 1. the white house wants another short-term fix to head off a hit to the fragile economy and give lawmakers more time to work out a 10-year plan. the president continued to push an approach th
. >>> president obama is asking congress to head off automatic spending cuts that could hurt the economy if they kick in as scheduled march 1. the president is proposing the smaller budget deal now and a bigger one later. danielle nottingham has the latest from washington. >> reporter: president obama is calling on congress to come up with billions in spending cuts as a short-term fix to stop massive automatic across-the- board cuts set to take effect in less than a month....
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that economists believe could have a negative impact on the economy. so president obama is going to make the case, we expect him to, when he speaks publicly this afternoon. for congress to come up with a solution to avert that in the short-term, for at least the next several months. and we'll make the argument that, look, they need more time before they can get a long-term solution. something that extends to ten years. of course, president obama will make the case that he believes any solution should include cuts and new revenues. that is something that republicans are staunchly opposed to. they believe they should avert the sequester through a series of cuts. so this is really where the big argument lies. it is where it has been for quite some time now. but that is what we expect president obama to come out and say when he speaks publicly, a little bit later on this afternoon. thomas? >> kristen welker, great to see you. thanks so much. we want to bring in this power panel for this tuesday. joining me is jackie kucinich, maria teresa kumar, and republ
that economists believe could have a negative impact on the economy. so president obama is going to make the case, we expect him to, when he speaks publicly this afternoon. for congress to come up with a solution to avert that in the short-term, for at least the next several months. and we'll make the argument that, look, they need more time before they can get a long-term solution. something that extends to ten years. of course, president obama will make the case that he believes any solution...
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economy, asia in a second. >> it will be an artificial recovery. i suspect after the german election in the fall, the world economy slows down no matter what governments do. cheryl: you're unstop l today. back in 1973, you launched with george sorros, returns amazing at that time. what are you doing now to book big returns? my book is coming out today. >> it's coming out today, read the book, gar goodness sakes, read the book. i invested in currencies, investments in commodities. call them what you will. they print money. when they print money, the way to protect yourself is to own assets. stocks are going through the roof. also, i'm worried about stocks because i know it's artificial. cheryl: talk about emerging markets, living in singapore, china in particular, the growth rates there, they can't sustain 8%. the data we get out of the chinese government you can't trust the currency. i can go on and on and on and on. >> cheryl, i don't trust data from any government, including the u.s.. we know the governments lie to us all the time. you have to re
economy, asia in a second. >> it will be an artificial recovery. i suspect after the german election in the fall, the world economy slows down no matter what governments do. cheryl: you're unstop l today. back in 1973, you launched with george sorros, returns amazing at that time. what are you doing now to book big returns? my book is coming out today. >> it's coming out today, read the book, gar goodness sakes, read the book. i invested in currencies, investments in commodities....
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in the 1990s, the japanese economy hit a wall and it's still there today. and you have some really dire consequences. they have generational warfare. last week the japanese finance minister said that it was important for older japanese people to "hurry up and die." we would like it avoid this sort of thing in america, i think. >> what about the threat of overpopulation on our earth? the environmental consequences of that. that is a real concern, isn't it? >> it is. but it isn't an either/or sort of situation here. if you look at the economic research pioneered by julian simon, it shows that increasing population leads to increasing in technological advance. it's like commodity prices dropped worldwide over the last 100 years. the american environment miserable during the 1970s. we had acid rain smog. our rivers and lakes terribly polluted. 40 years later, population has increased by 50%. the environment is much smarter and more sustainable. >> jonathan, your last chapter is "how to make babies." do you doubt that people don't sflm. >> you know, a lot of peo
in the 1990s, the japanese economy hit a wall and it's still there today. and you have some really dire consequences. they have generational warfare. last week the japanese finance minister said that it was important for older japanese people to "hurry up and die." we would like it avoid this sort of thing in america, i think. >> what about the threat of overpopulation on our earth? the environmental consequences of that. that is a real concern, isn't it? >> it is. but it...
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one because the economy is doing well and speculators are driving up the cost of gas. the second is that the price of crude oil. it is up to 95 to zero hundred dollars a barrel. the third and probably biggest reason why we're paying so much right now is because all lot of these refineries are starting to switch over to the summer/spring that land. production is down. supply and demand, the price goes up. the bad is it, the worst news according to most analysts, prices could increase all the way through april. >> that is a bit of budgeting. >> americans are apparently coming out 4% of their incomes into buying gasoline. the energy department says u.s. households spend an average of just over $2,900 on gasoline last year. that is the highest level in four years. the percentage rates similar levels and 2008 when a red hot black economy and panic over dwindling surprising gets prices through the roof. the nationwide average price per gallon of regular gas at $3.60 last year, also a record high. >> police have released the name of a teenager and was found dead in a fair fel
one because the economy is doing well and speculators are driving up the cost of gas. the second is that the price of crude oil. it is up to 95 to zero hundred dollars a barrel. the third and probably biggest reason why we're paying so much right now is because all lot of these refineries are starting to switch over to the summer/spring that land. production is down. supply and demand, the price goes up. the bad is it, the worst news according to most analysts, prices could increase all the way...